Digitex Inc $\begin{array}{lr}\text { Sales adjustments } & \$ 2,500 \\\text { Uncollectible accounts } & 500\end{array}$

question 52

Multiple Choice

Digitex Inc.factored $50,000 of its accounts receivable with recourse.The factor retained 8% for sales adjustments and charged $3,000 as a financing fee.Estimated and actual amounts are as follows: $\begin{array}{lr}\text { Sales adjustments } & \$ 2,500 \\\text { Uncollectible accounts } & 500\end{array}$ Assume the transfer is recorded as a sale by Digitex.What is the loss or financing expense to be recognized on the transfer?

• A)$3,000
• B)$6,000
• C)$8,000
• D)$11,000

Discern the applicability of team principles across different contexts, including sports and professional environments.

Identify the factors that differentiate high-performance teams from others.

Grasp the concept of synergy and its implications for teamwork and collective action.

Realize the importance of team contributions and the collective effort toward team success.

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Definitions:

FMVSS-121

Refers to the Federal Motor Vehicle Safety Standards regarding air brake systems, specifying design, performance, and maintenance criteria for safe operation.

Stopping Distance

The total distance a vehicle travels from the moment the brakes are applied until it comes to a complete stop, depending on speed, vehicle condition, and road conditions.

Tractor-Trailer

A vehicle comprising a towing engine (tractor) and a trailer, used primarily for transporting goods over long distances.

Spring Brake Relay Valve

A spring brake relay valve is a component in air brake systems that controls the application and release of the spring brakes, typically used in heavy-duty vehicles for parking and emergency brakes.